Tesco profits crash as overstatement worsens. CNBC's Squawk Box Europe has the latest.
Tesco reported pre-tax profit fell by 91.9 percent to £112 million in the first half of 2014, as it confirmed that previously profits had been overstated by £263 million, more than the £250 million originally estimated.
During three hours of unscripted and dynamic debate, CNBC's flagship show leads you into the open of the European markets. Each trading day, anchors Geoff Cutmore, Steve Sedgwick and Karen Tso are joined by leading business personalities and financial market specialists adding to the debate. The show opens with the Overnight Indicator covering Asia's market performance and analysis on how the US markets fared, with the second hour 'Squawk Pre-Trade' focusing on news affecting the opening call and futures prices. Finally, Squawk Real-Time focuses on live market trades and market reaction to major stories of the day.
CNBC.com for more great clips: http://cnb.cx/1kn8l9j
Like us on CNBC's Facebook page
Follow us on CNBC's Twitter accounts